Insulated Flex
New
For Sale
$225,000
1007 W Main Street, Atkins, AR 72823
Flexible commercial space with warehouse functionality, private office, finished restroom, and loading access.
Property Size3,520 SF
Price / SF$63.92
Days on Market5
Property Features for 1007 W Main Street
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Span
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
1995
Construction
steel frame
Listing Agency:
Patriot Company Real Estate
Listed By:
Robert Weibler · License #64609
(479) 439-1933
Source:
Mcmullenrealtynwa
Added: Sep 5
Last Checked: Sep 9 at 5:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patriot Company Real Estate
Investment Insights
Based on property information with market context.
This 3,520-square-foot flex building in Atkins combines an open warehouse layout with practical office and service areas. Built in 1995, the property features steel I-beam construction, concrete flooring, insulated exterior walls and ceiling, suspended central HVAC trunk ductwork, and supplemental wall-mounted heating units. A dedicated private office and finished restroom are included within the building.
Loading docks and an overhead bay door support receiving and shipping operations, while double glass-panel entry doors provide an additional point of access. Overhead linear lighting illuminates the interior throughout. The configuration supports warehouse, distribution, light manufacturing, or retail uses, subject to applicable requirements.
Loading docks and an overhead bay door support receiving and shipping operations, while double glass-panel entry doors provide an additional point of access. Overhead linear lighting illuminates the interior throughout. The configuration supports warehouse, distribution, light manufacturing, or retail uses, subject to applicable requirements.
Key Highlights
- 3,520 SF flex building in Atkins
- Steel I‑beam construction with concrete flooring
- Insulated walls and ceiling with central HVAC ductwork
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,700
$321.7K
Cap Rate 7%
$229,786
$229.8K
Cap Rate 9%
$178,722
$178.7K
Market Conditions
NOI Build-Up for 3,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.1K $6.00/SF
− Vacancy
−$2.2K −$0.62/SF
EGI
$18.9K $5.38/SF
− OpEx
−$2.8K −$0.81/SF
NOI
$16.1K $4.57/SF
Area
Pope County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,700
Cap Rate 7%
$229,786
Cap Rate 9%
$178,722
Alternative Uses
Best Use
Flex RnD
$427.7K
$374.2K – $499.0K
NOI $29,939 @ 7.0% cap · market cap 13.31%
Second Best
Warehouse
$229.8K
$201.1K – $268.1K
NOI $16,085 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$562.4K
$492.1K – $656.1K
NOI $39,368 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space with warehouse functionality, private office, finished restroom, and loading access.
Where is this flex space located?
The property is located at 1007 W Main Street Atkins, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,520 SF flex building in Atkins; Steel I‑beam construction with concrete flooring; Insulated walls and ceiling with central HVAC ductwork
